Parsons

Parsons has secured two task orders from the National Nuclear Security Administration (NNSA)  to design and deploy counter-nuclear smuggling systems across the Middle East and Africa. The Middle East Region 3 and Africa Region 2 task orders cover counter-nuclear smuggling initiatives in 25 countries, according to an Aug. 27 company announcement. NNSA is a semiautonomous […]

Earnings results were mixed at Parsons, Chantilly, Va., in the fourth quarter and full 2025 calendar year, which the technology provider attributed to turbulence in the federal government. Net earnings for the fourth quarter ended Dec. 31 were a record $56 million, or $0.51 a share, up 3% from $54 million, or $0.49 a share, […]

Earnings results were mixed at Parsons, Chantilly, Va., in the fourth quarter and full 2025 calendar year, which the technology provider attributed to turbulence in the federal government. Net earnings for the fourth quarter ended Dec. 31 were a record $56 million, or $0.51 a share, up 3% from $54 million, or $0.49 a share, […]

Technology provider Parsons announced Wednesday the National Nuclear Security Administration (NNSA) awarded the company a $13 million multiple award contract for deploying systems for counter-nuclear smuggling in the Indo-Pacific. The task order calls to deliver “end-to-end” support for counter-nuclear smuggling systems in 18 countries in the region, the press release said. Support could come in […]

Technology provider Parsons announced Wednesday the National Nuclear Security Administration (NNSA) awarded the company a $13 million multiple award contract for deploying systems for counter-nuclear smuggling in the Indo-Pacific. The task order calls to deliver “end-to-end” support for counter-nuclear smuggling systems in 18 countries in the region, the press release said. Support could come in […]

Several publicly-traded companies doing business within the Department of Energy weapons complex are scheduled to report earnings in the coming weeks. Here is a rundown of currently scheduled earnings releases and conference calls.  Aug. 1 : Fluor, Irving, Texas, is scheduled to report its financial performance for the quarter ending June 30 on Aug. 1. […]

Several publicly-traded companies doing business within the Department of Energy weapons complex are scheduled to report earnings in the coming weeks. Here is a rundown of currently scheduled earnings releases and conference calls.  Fluor, Irving, Texas, is scheduled to report its financial performance for the quarter ending June 30 on Aug. 1. Fluor will webcast […]

Investigations, including whistleblower cases, at the Nuclear Regulatory Commission Office of Investigations increased during fiscal 2024, according to a recent report, cited this week by a Washington, D.C.,-based law firm. The Nuclear Regulatory Commission (NRC) investigation office’s case inventory in fiscal 2024, ended Sept. 30, 2024, was 129, up from 119 in fiscal 2023, the […]

Chantilly, Va.-based Parsons said recently it has bought TRS Group, an environmental remediation firm, in a cash deal valued at $36 million. Parsons, a major contractor for the Department of Energy and other agencies, announced the deal in a press release dated Feb. 4. TRS was formed in 2000 and is considered a leader in […]

Earnings rose at Parsons, Chantilly, Va., in the fourth quarter and the full year of 2024, the company reported early Wednesday. Net earnings for the fourth quarter ended Dec. 31 were $54 million or $ $0.49 a share, up from $49 million, or $0.39 a share, in the year-ago quarter. Quarterly revenue was $1.7 billion […]

Earnings rose at Parsons, Chantilly, Va., in the fourth quarter and the full year of 2024, the company reported early Wednesday. Net earnings for the fourth quarter ended Dec. 31 were $54 million or $ $0.49 a share, up from $49 million, or $ $0.39a share, in the year-ago quarter. Quarterly revenue was $1.7 billion […]

Earnings rose at Parsons, Chantilly, Va., in the fourth quarter and the full year of 2024, the company reported early Wednesday. Net earnings for the fourth quarter ended Dec. 31 were $54 million or $ $0.49 a share, up from $49 million, or $ $0.39a share, in the year-ago quarter. Quarterly revenue was $1.7 billion […]

Earnings rose at Parsons, Chantilly, Va., in the fourth quarter and the full year of 2024, the company reported early Wednesday. Net earnings for the fourth quarter ended Dec. 31 were $54 million or $ $0.49 a share, up from $49 million, or $ $0.39a share, in the year-ago quarter. Quarterly revenue was $1.7 billion […]

Publicly-traded companies involved with Department of Energy nuclear programs were not exempt from Monday’s stock market nosedive, although most rallied by the close of trading Thursday. Companies that are big players in both the DOE Office of Environmental Management and National Nuclear Security Administration (NNSA) and Office of Nuclear Energy posted per-share declines on Monday, […]

A baker’s dozen of contractors joined Department of Energy representatives May 29 to learn more about the draft solicitation for a new small business landlord contractor at the Paducah Site in Kentucky. The DOE Office of Environmental Management issued a draft request for proposals (RFP) last month for a small business to act as a […]

Parsons Government Services has won a round before a federal contract board in a case alleging the Department of Energy owes it a $6 million incentive fee after deployment of the Salt Waste Processing Facility at the Savannah River Site in South Carolina. The Civilian Board of Contract Appeals on May 10 dismissed DOE’s contention […]

Parsons Government Services has won a round before a federal contract board in a case alleging the Department of Energy owes it a $6 million incentive fee after deployment of the Salt Waste Processing Facility at the Savannah River Site in South Carolina. The Civilian Board of Contract Appeals on May 10 dismissed DOE’s contention […]

Net earnings fell drastically for Parsons, Chantilly, Va., after a big tax hit in its first quarter, but the federal contractor on Wednesday reported record revenue and healthy core operations. Parsons posted a net loss of about $107 million, or $1.01 a share, for the quarter ended March 31, down from earnings of roughly $25.5 […]

Net earnings fell drastically for Parsons, Chantilly, Va., after a big tax hit in its first quarter, but the federal contractor on Wednesday reported record revenue and healthy core operations. Parsons posted a net loss of about $107 million, or $1.01 a share, for the quarter ended March 31, down from earnings of roughly $25.5 […]

Net earnings fell drastically for Parsons, Chantilly, Va., after a big tax hit in its first quarter, but the federal contractor on Wednesday reported record revenue and healthy core operations. Parsons posted a net loss of about $107 million, or $1.01 a share, for the quarter ended March 31, down from earnings of roughly $25.5 […]

The federal prosecutor for Eastern Washington state filed a complaint in federal district court accusing the Department of Energy’s landlord contractor for the Hanford Site of fraudulently padding labor charges for fire safety by millions of dollars. The case against Hanford Mission Integration Solutions (HMIS), a joint venture of Leidos, Centerra and Parsons, was announced […]

The federal prosecutor for Eastern Washington state has filed a complaint in federal district court accusing the Department of Energy’s landlord contractor for the Hanford Site of fraudulently padding labor charges for fire safety by millions of dollars. The case against Hanford Mission Integration Solutions (HMIS), a joint venture made up of Leidos, Centerra and […]

The Department of Energy’s landlord contractor for the Hanford Site in Washington state, earned only 35% of its subjective fee during fiscal 2023 in part because of its failure to keep on top of fire suppression system maintenance, according to a scorecard released Tuesday. That translates to $2.4 million out of a potential $8.4 million, […]

Parsons Corp. announced the award of a $21 million task order by the National Nuclear Security Administration Office of Infrastructure to continue managing construction projects at Los Alamos National Laboratory.  The task order, from Parsons’ $160 million ceiling-value Enterprise Construction Management Services (ECMS) contract awarded in 2022, is for design and construction management support at […]

Parsons Corp. announced the award of a $21 million task order by the National Nuclear Security Administration Office of Infrastructure to continue managing construction projects at Los Alamos National Laboratory.  The task order, from Parsons’ $160 million ceiling-value Enterprise Construction Management Services (ECMS) contract awarded in 2022, is for design and construction management support at […]

Leidos-led Hanford Mission Integration Solutions, the Department of Energy prime that acts as city manager of the Hanford Site in Washington state, is shopping for a subcontractor to overhaul aging power distribution lines and related infrastructure. The work, in the 100 Area near the Columbia River, involves tearing down or refurbishing old infrastructure and installing […]

Revenue and earnings rose in the second quarter at Parsons Corp., Centreville, Va., buoyed year-over-year by the start of some federal contract work and the 2022 acquisition of cyber firm Xator. Net earnings for the second quarter ended were roughly $43 million, or $0.38 a share, up from about $18 million or $0.17 a share […]

Revenue and earnings rose in the second quarter at Parsons Corp., Centreville, Va., buoyed year-over-year by the start of some federal contract work and the 2022 acquisition of cyber firm Xator. Net earnings for the second quarter ended were roughly $43 million, or $0.38 a share, up from about $18 million or $0.17 a share […]

Earnings dipped slightly at Parsons Corp., Centreville, Va., in the fourth quarter but were up for 2022 as a whole, which the government defense and infrastructure contractor attributed during a Wednesday conference call to organic growth.  Net earnings for the fourth quarter ended Dec. 31 were $28 million, or $0.25 a share, down slightly from […]

Earnings dipped slightly at Parsons Corp., Centreville, Va., in the fourth quarter but were up for 2022 as a whole, which the government defense and infrastructure contractor attributed during a Wednesday conference call to organic growth.  Net earnings for the fourth quarter ended Dec. 31 were $28 million, or $0.25 a share, down slightly from […]